Tag Archives: australia

Is Australia’s economy set to crash?

Australia economy iron ore

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross ...

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Australia passes tyrannical internet laws

Game of Thrones Australia internet laws pirating policing medieval

Ostensibly designed to stop you illegally downloading new episodes of Game of Thrones, they may have far broader implications for online freedoms. On Monday afternoon, Labor and Coalition senators voted together to wave through legislation rolling out a new Australian internet filter. The law is intended to stop the circumvention ...

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Australian sports commentator fired for anti-war tweets

No war Australia

Editor’s note: Another prominent Australian journalist, Mike Carlton, was forced to resign after criticizing Israel’s due to their slaughter of the Palestinian people. Australia’s SBS channel sacked one of its top football commentators, Scott McIntyre, for a series of tweets on Anzac Day doubting the wisdom of glorifying Aussie troops in any ...

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Murdoch behind mandatory vaccination push in Australia

Baby vaccines

Prime Minister Tony Abbott recently announced that “the choice made by families not to immunise their children is not supported by public policy or medical research nor should such action be supported by taxpayers in the form of childcare payments.” The prime minister’s decision to strip welfare payments from parents ...

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Australia joins list of nations selling bonds with negative yield

Flag Australia

Australia has this week joined the illustrious list of governments that have been able to borrow money at negative interest rates. The Australian Office of Financial Management, which manages the government’s debt programme, sold $200 million of inflation-linked bonds maturing in 2018 to 13 investors on Tuesday at a yield of ...

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Australian government set to tax bank deposits

Australia Tony Abbott

The Australian Federal Government looks set to introduce a tax on bank deposits in the May budget. The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax ...

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Australian military starts training on US Reaper drones

Reaper drones Australia

Australian air force personnel have begun training on armed drones in the United States, Australian defense officials said on Monday, less than a week after Washington said it would begin exporting the controversial weapons system. The U.S. State Department last week said it would allow exports of lethal military drones ...

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Australia’s looming private debt crisis

Money Australia

As household debt has boomed exponentially over the last two decades, the savings of the household sector has plunged. Australia’s private debt dynamics have been thoroughly explored elsewhere, but less well understood is the country’s position relative to the OECD and BRIC nations. Thankfully, the Bank for International Settlements (BIS) ...

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Morgan Stanley: Australia needs stimulus to avoid recession

Australian dollar economy

Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher exports, and unemployment will climb to 6.8 percent, Morgan Stanley economists led by Daniel ...

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